The AUDUSD pair fluctuated around the key support 0.7210 yesterday without managing to break it, which might cause more sideways fluctuation before turning back to decline again, as the price still stable inside the bearish channel that appears on chart, while the EMA50 continues to form negative pressure against the intraday and short term trading.
Therefore, we will continue to suggest the bearish trend for the upcoming sessions conditioned by the price stability below 0.7250 and 0.7330 levels, reminding you with our next main target at 0.7063.
Expected trading range for today is between 0.7100 support and 0.7300
Expected trend for today: Bearish
Origin: Economie
